Overview: The procurement function is an ever-evolving discipline form in the past decade. First Procurement incepted as purchasing which was a PASSIVE role with a reactive approach and not been identified as a separate function. Then it became an INDEPENDENT role with the same profile identified as a separate Function of the organization with some techniques and processes incorporating. Moving next if turned to a SUPPORTIVE role transforming from purchasing to procurement with strategic position and a set of Industry Best Practise.  Eventually, it became an INTEGRATIVE role today, fully integrated into the firm’s overall strategy one of the key … Continue reading Context of Procurement